Yokohama expects more pain from rising costs

Tokyo-Yokohama Rubber Co. Ltd profits were hit by higher raw material and shipping costs last year, and the company is expecting more of the same over the next 12 months at least.

For its next fiscal year, ended 31 March, 2005, Yokohama forecasts a 12.9-percent fall in net income to Yen9000 million (Euro67 million), due, it said, to rising raw materials prices and a strong yen. Net sales are, however, expected to rise 2.1 percent to Yen410 000 million, said a 13 May group statement.

For its…

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